MCI mortgage club has added the bridging and buy-to-let divisions of West One Loans to its lender panel.
West One’s bridging loans are available for property refurbishment, semi-commercial/commercial assets, auction purchases and acquiring land with or without planning permission. There are first and second charge loans and all of them have no early repayment charges.
The lender’s buy-to-let offering is caters for both amateur and professional landlords either as individuals or through a limited company.
Loans are all manually underwritten and are available for houses, leasehold flats, maisonettes and new build properties. West One also specialises in complex transactions such as HMO/MUFBs, holiday lets and will consider ex-pat applicants.
Melanie Spencer (pictured), head of MCI Club, said: “West One is a great addition to our lending panel as it offers a wide range of bridging and buy-to-let options for our members. It shares with us our dedication to state-of-the-art technology with fast and flexible systems and a passion to help brokers and their clients.”
Nick Jones, sales director for West One bridging finance, added: “We’re really pleased to be joining MCI at this time as the market is in a strong position and there some great opportunities. West One not only has a good range of products to deliver on those opportunities, but also service levels that will appeal to MCI’s members and their clients.”
Andrew Ferguson, managing director for West One buy-to-let, added: “It’s a really positive step to be added to MCI’s panel, as it’s a growing club with a good reputation in the sector. We look forward to working with more brokers and open up the distribution further with our proposition which we feel is a great fit for MCI members.”